SOURCE: Cotton & Western Mining, Inc.

February 26, 2007 09:45 ET

Cotton & Western Mining, Inc. Sets Daye Steel Contract Meeting for the 3rd and 4th of March, 2007

RICHMOND, TX -- (MARKET WIRE) -- February 26, 2007 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) Robert L. Cotton, President & C.E.O. confirmed today that contract talks with China's Daye Steel will be held in Las Vegas, Nevada, on the 3rd and 4th of March, 2007.

Daye Steel has asked for an increase in the original proposed off-take of iron ore fines, from 3,600,000 dry metric tons to 9,000,000 dry metric tons over a three-year contract term. The increase in production would not be a problem for CWRN; however, loading facilities at the Port of Wawa can not accommodate vessels larger than 15,000 DWT. The Company is currently looking at alternative means of loading larger volumes of materials. Offshore transfer loading is one possibility or putting into place a floating dock at 16 meters of draft, comprised of spud barges with a floating conveyer belt less than 200 feet in length. CWRN management hopes to have the problem solved before the end of this week.

If the company can put together a loading system capable of handling 300,000 dry metric tons per month; the estimated Free on Board (FOB) contract value would triple from $172,800,000.00 to near $518,400,000.00 over the 36-month contract term.

Iron Ore Fines will be mined from the company's magnetite rich Nagsabongan Iron Deposit's on Mindoro Island, the Philippines, where the average Fe content has been assayed at 67% Fe from the core drilling program that was completed in October of 2006. CWRN holds approximately one hundred and fifty million metric tons (150,000,000mt) of iron ore deposits on Mindoro Island, which include an estimated twenty-eight million metric tons (28,000,000mt) of high grade magnetite in the two (2) Nagsabongan Iron Deposits. The contract team from CWRN will be comprised of Robert L. Cotton, President & C.E.O together with Ms. Sharon Vazquez, Vice President, International Business and Mrs. Jinglan Cai Brinzer, B.E. of CAI Mineral Group, LLC.

CWRN has stated in an earlier news release that its Mindoro Island magnetite iron ore deposits are valued at near $6,000,000,000.00 at the current FOB market price.

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About Cotton & Western Mining, Inc.:

Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a U.S. corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in mining activities to provide the Asia Pacific Steel Manufacturing Sector with high grade raw crude iron ore products.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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